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Lyft secures US$530m in Rakuten-led funding round

Sat, Mar 14, 2015 - 5:50 AM

GETTING BIGGER: The latest investments peg the value of Lyft at US$2.5b.

PHOTO: BLOOMBERG

Washington

LYFT has raised the stakes in its ambitious drive to take on Uber, saying it has raised US$530 million in a funding round led by Japanese e-commerce giant Rakuten to fuel expansion in the US and abroad.